Motorola Inc posted a fourth-quarter loss as it fell to fifth place in the global cell phone market and it said it was suspending its quarterly dividend and looking for a new Chief Financial Officer.
Motorola said on Tuesday that its corporate controller Edward Fitzpatrick was named acting CFO, replacing Paul Liska. No reason was given for Liska's departure, reported Reuters.
Motorola reported a net loss of $3.6 billion, or $1.57 per share compared with a profit of $100 million or 4 cents a share a year earlier.
It said that the loss included a $1.56 per share loss related to goodwill impairment and other items.
Revenue fell to $7.1 billion from $9.65 billion a year ago.
It forecast a first quarter per share loss of 10 cents to 12 cents.